KUALA LUMPUR: The FBM KLCI rebounded and stayed in the positive territory at the mid-day break on Monday, April 25, lifted by gains including Genting, Maybank, YTL and index-linked PLANTATION [] counters.
At 12.30pm, the 30-stock index was up 2.90 points to 1,525.65. Market breadth, however, was relatively negative with losers leading gainers by 342 to 255, while 323 counters traded unchanged. Volume was 616.3 million shares valued at RM452.16 million.
The ringgit strengthened to a 13-year high and was up 0.33% to 2.9955 per US dollar.
Crude palm oil jumped RM53 per tonne to RM3,365; crude oil added 37 cents per barrel to US$112.66 and gold jumped US$6.65 an ounce to US$1,513.50.
At the regional markets, the Shanghai Composite Index fell 0.70% to 2,989.55, due to tightening of liquidity in the market and caution over further policy tightening, with investors off loading recent gainers such as steel and cement issues, according to Reuters.
Nikkei 225 -0.15% 9,667.80 South Korea's Kospi +0.63% 2,211.67 Straits Times Index +0.15% 3,199.48 Taiwan's Taiex unch 8,969.74 The Hong Kong and Australian stock markets were closed for the Easter and Anzac Day holidays, respectively.
At Bursa, among the major gainers, Genting rose 12 sen to RM11.62, Maybank added five sen to RM8.70, YTL Corp 17 sen to RM7.99, PPB 10 sen to RM16.70, KLK six sen to RM20.90 and IOI Corp two sen to RM5.35.
Other gainers included Riverview, Nestle, Kuchai, Press Metal, KYM, JT International and United Plantations.
Aeon was the top loser this morning and fell 28 sen to RM6; Guan Chong fell 11 sen to RM2.75, Advanced Packaging, Panasonic and Jerneh fell 10 sen each to RM1.30, RM23.30 and RM3.07 respectively, while TGL and Tecnic fell seven sen each to RM1.38 and RM2.51.
Pos Malaysia fell 10 sen to RM3.27 with 3.52 million shares traded after DRB-HICOM BHD [] acquired a strategic stake in the national courier company.
Khazanah Nasional Bhd has divested its strategic 32.21% stake in Pos Malaysia to DRB-Hicom at RM3.60 per share or RM622.79 million, deemed a landmark divestment by the government's investment arm of its entire stake in a major government-linked company.
Iris Corp was actively traded after it landed a US$149.96 million (RM451.61 million) contract from the government of Tanzania to supply 25 million identification cards based on the Smartcard Techonology.
The stock added 2.5 sen to 21.5 sen with 72.5 million shares done.
Other actives included Karambunai, L&G, HWGB and Ramunia.
At 12.30pm, the 30-stock index was up 2.90 points to 1,525.65. Market breadth, however, was relatively negative with losers leading gainers by 342 to 255, while 323 counters traded unchanged. Volume was 616.3 million shares valued at RM452.16 million.
The ringgit strengthened to a 13-year high and was up 0.33% to 2.9955 per US dollar.
Crude palm oil jumped RM53 per tonne to RM3,365; crude oil added 37 cents per barrel to US$112.66 and gold jumped US$6.65 an ounce to US$1,513.50.
At the regional markets, the Shanghai Composite Index fell 0.70% to 2,989.55, due to tightening of liquidity in the market and caution over further policy tightening, with investors off loading recent gainers such as steel and cement issues, according to Reuters.
Nikkei 225 -0.15% 9,667.80 South Korea's Kospi +0.63% 2,211.67 Straits Times Index +0.15% 3,199.48 Taiwan's Taiex unch 8,969.74 The Hong Kong and Australian stock markets were closed for the Easter and Anzac Day holidays, respectively.
At Bursa, among the major gainers, Genting rose 12 sen to RM11.62, Maybank added five sen to RM8.70, YTL Corp 17 sen to RM7.99, PPB 10 sen to RM16.70, KLK six sen to RM20.90 and IOI Corp two sen to RM5.35.
Other gainers included Riverview, Nestle, Kuchai, Press Metal, KYM, JT International and United Plantations.
Aeon was the top loser this morning and fell 28 sen to RM6; Guan Chong fell 11 sen to RM2.75, Advanced Packaging, Panasonic and Jerneh fell 10 sen each to RM1.30, RM23.30 and RM3.07 respectively, while TGL and Tecnic fell seven sen each to RM1.38 and RM2.51.
Pos Malaysia fell 10 sen to RM3.27 with 3.52 million shares traded after DRB-HICOM BHD [] acquired a strategic stake in the national courier company.
Khazanah Nasional Bhd has divested its strategic 32.21% stake in Pos Malaysia to DRB-Hicom at RM3.60 per share or RM622.79 million, deemed a landmark divestment by the government's investment arm of its entire stake in a major government-linked company.
Iris Corp was actively traded after it landed a US$149.96 million (RM451.61 million) contract from the government of Tanzania to supply 25 million identification cards based on the Smartcard Techonology.
The stock added 2.5 sen to 21.5 sen with 72.5 million shares done.
Other actives included Karambunai, L&G, HWGB and Ramunia.
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